The crash of 2008 continues to reverberate loudly nationwide—destroying jobs, bankrupting businesses, and displacing homeowners. But already, it has damaged some places much more severely than others. On the other side of the crisis, America’s economic landscape will look very different than it does today. What fate will the coming years hold for New York, Charlotte, Detroit, Las Vegas? Will the suburbs be ineffably changed? Which cities and regions can come back strong? And which will never come back at all?
Amazing long piece in The Atlantic about the various effects taking place in different U.S. cities, and how much is changing and will change.
Specifically, it criticizes high home-ownership rates as being a good economic goal, arguing very well that home ownership is not always a good thing for many people.
Worth a read. It’s long, so read it later.